The B.C. Ministry of Finance has released a White Paper which sets out policy recommendations and proposed draft legislation for a new and more modern “Society Act” in British Columbia, which governs not-for-profit organizations in B.C. The consultation process to amend the current legislation began in 2009.
There are approximately 27,000 societies in B.C. that are currently governed by the Society Act. The Ministry is seeking feedback on the White Paper and the deadline to provide comments is October 15, 2014. You can visit the Ministry's web site for more information on the White Paper at www.fin.gov.bc.ca
Related Posts
March 31, 2020
Global Affairs Canada Guidance on eligibility of COVID-19 potential costs
Global Affairs Canada has recently released a Guidance on eligibility of COVID-19 potential costs It provides that expenses such as repatriating…
March 30, 2020
Extension for non-profits to file T2 Corporation Income Tax Return and T1044 Non-Profit Organization (NPO) Information Return
On March 28, 2020 we blogged about "There will be an extension for incorporated non-profits to file T2 and all NPOs that need to file T1044". We…
March 30, 2020
Ontario PGT has issued a “Statement on Accessing Restricted Purpose Trust Funds Prior to Obtaining a Court Order During the COVID19 Pandemic”
The Ontario Public Guardian and Trustee has issued a "Statement on Accessing Restricted Purpose Trust Funds Prior to Obtaining a Court Order During…